First Majestic Silver (TSE:FR) Price Target Increased to C$10.25 by Analysts at BMO Capital Markets

First Majestic Silver (TSE:FR – Get Rating) (NYSE:AG) had its price objective raised by BMO Capital Markets from C$9.50 to C$10.25 in a report published on Friday, BayStreet.CA reports.

Several other brokerages have also issued reports on FR. National Bankshares cut their price target on First Majestic Silver from C$18.00 to C$11.75 and set a sector perform rating on the stock in a research note on Thursday, July 21st. TD Securities dropped their price objective on First Majestic Silver from C$20.00 to C$12.00 and set a hold rating for the company in a report on Friday, May 13th. HC Wainwright reiterated a buy rating and issued a C$19.50 price objective on shares of First Majestic Silver in a report on Friday, May 13th. Finally, Cormark upped their price objective on First Majestic Silver from C$12.50 to C$14.25 in a report on Friday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of C$14.29.

First Majestic Silver Price Performance

Shares of FR stock opened at C$10.38 on Friday. The company has a debt-to-equity ratio of 15.45, a quick ratio of 1.68 and a current ratio of 2.24. The stock’s 50 day simple moving average is C$9.80 and its 200 day simple moving average is C$12.87. The company has a market capitalization of C$2.73 billion and a price-to-earnings ratio of 3,460.00. First Majestic Silver has a twelve month low of C$8.12 and a twelve month high of C$18.41.

First Majestic Silver (TSE:FR – Get Rating) (NYSE:AG) last posted its quarterly earnings data on Thursday, May 12th. The mining company reported C($0.02) EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.09). The business had revenue of C$198.67 million during the quarter. As a group, research analysts predict that First Majestic Silver will post 0.5199999 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Todd Olson Anthony acquired 5,000 shares of First Majestic Silver stock in a transaction dated Wednesday, May 18th. The stock was bought at an average cost of C$10.23 per share, with a total value of C$51,150.00. Following the completion of the transaction, the insider now directly owns 150,000 shares of the company’s stock, valued at C$1,534,500. Insiders acquired 38,500 shares of company stock worth $366,715 over the last ninety days.

About First Majestic Silver

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First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of 102,244 hectares located in Sonora; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares.